Latest Vibra Bank [Ca] (VBBK) Headlines
Vibra Bank Reports Robust Growth For 2013
PR Newswire - Thu Feb 20, 8:00AM CST
Today, Vibra Bank ("VBBK"-OTCBB) announced its unaudited financial results for the fourth quarter and year ended December 31, 2013. The Bank reported a net profit for the fourth quarter of $44,000, compared with a net profit of $183,000 for the fourth quarter of 2012. The Bank reported a net loss of $124,000 for the year ended December 31, 2013, compared with net income of $1,149,000 for the previous year.
Vibra Bank Announces A New Growth Phase and Welcomes Frank Mercardante as its New CEO
PR Newswire - Fri Feb 14, 8:00AM CST
Vibra Bank, one of the only remaining locally-owned banks, announced that its Board of Directors has appointed Frank Mercardante as President and Chief Executive Officer effective February 17, 2014. Mr. Mercardante replaces Scott Parker, Vibra Bank's former CEO, who successfully led the bank from its inception until his recent resignation.
Vibra Bank Reports Continued Earnings Growth And Asset Expansion In Third Quarter 2013
PR Newswire - Thu Oct 31, 2:52PM CDT
Today, Vibra Bank ("VBBK"-OTCBB) announced its unaudited financial results for the third quarter ended September 30, 2013. The Bank reported a net profit for the third quarter of $134,000, compared with net profit of $61,000 for the second quarter this year, and a loss of ($362,000) for the first quarter of 2013. "We are pleased to report continued improvement in earnings for the third quarter," said Vibra Bank President and CEO Scott Parker. The Bank continues to expand its loan portfolio, displaying year-over-year growth in excess of 20% every quarter this year. "A gradually improving economy, coupled with a rebounding real estate market, has allowed Vibra Bank to keep up a robust pace of lending, and we continue to find high-quality opportunities throughout Southern California," said Parker. "We are also realizing the benefit of several excellent additions to our banking team over the past several months," he said.
Vibra Bank Reports Robust Growth and Return to Profitability in Second Quarter 2013
PR Newswire - Thu Jul 25, 9:00AM CDT
Today, Vibra Bank ("VBBK"-OTCBB) announced its unaudited financial results for the second quarter June 30, 2013. The Bank reported a net profit for the second quarter of $61,000, compared with earnings of $207,000 for the second quarter of 2012. "In the second quarter, Vibra Bank has continued its robust asset growth, and we are pleased to report that we are back in positive territory with regard to earnings," said Vibra Bank President and CEO Scott Parker. "This quarter's earnings reflect the upward trend we expect to expand upon as we continue to grow our high-quality loan portfolio within our market."
Vibra Bank Celebrates Five Years As San Diego's Community Multicultural Bank
PR Newswire - Mon Jul 08, 8:00AM CDT
Today, Vibra Bank ("VBBK"-OTCBB) reaches a milestone in its existence, celebrating five years in business. The Chula Vista bank, which has combined its special ability to service the Hispanic market with a focus on serving businesses, business owners, and professionals, has achieved sound growth during a period marked by economic uncertainty, and now looks forward to continued growth as the economy improves.
Vibra Bank Reports Positive Results For 2012
PR Newswire - Tue Feb 05, 9:30AM CST
Today, Vibra Bank ("VBBK"-OTCBB) announced its unaudited financial results for the fourth quarter and year ended December 31, 2012. The Bank reported a net profit for the fourth quarter of $183,000, compared with $576,000 for the fourth quarter of 2011. The Bank reported a net profit of $1,149,000 for the year ended December 31, 2012, compared with $1,286,000 for the previous year. "In the latter half of 2012 we increased staffing and deployed significant resources within the bank which will be beneficial to us going forward and which will support our continued growth," said Vibra Bank President and CEO Scott Parker. "We are pleased that we have been able to continue to expand our lending activity within our community year over year."
Vibra Bank Reports Robust Growth For 2013
PR Newswire - Thu Feb 20, 8:00AM CST
Today, Vibra Bank ("VBBK"-OTCBB) announced its unaudited financial results for the fourth quarter and year ended December 31, 2013. The Bank reported a net profit for the fourth quarter of $44,000, compared with a net profit of $183,000 for the fourth quarter of 2012. The Bank reported a net loss of $124,000 for the year ended December 31, 2013, compared with net income of $1,149,000 for the previous year.
Vibra Bank Announces A New Growth Phase and Welcomes Frank Mercardante as its New CEO
PR Newswire - Fri Feb 14, 8:00AM CST
Vibra Bank, one of the only remaining locally-owned banks, announced that its Board of Directors has appointed Frank Mercardante as President and Chief Executive Officer effective February 17, 2014. Mr. Mercardante replaces Scott Parker, Vibra Bank's former CEO, who successfully led the bank from its inception until his recent resignation.
Vibra Bank Reports Continued Earnings Growth And Asset Expansion In Third Quarter 2013
PR Newswire - Thu Oct 31, 2:52PM CDT
Today, Vibra Bank ("VBBK"-OTCBB) announced its unaudited financial results for the third quarter ended September 30, 2013. The Bank reported a net profit for the third quarter of $134,000, compared with net profit of $61,000 for the second quarter this year, and a loss of ($362,000) for the first quarter of 2013. "We are pleased to report continued improvement in earnings for the third quarter," said Vibra Bank President and CEO Scott Parker. The Bank continues to expand its loan portfolio, displaying year-over-year growth in excess of 20% every quarter this year. "A gradually improving economy, coupled with a rebounding real estate market, has allowed Vibra Bank to keep up a robust pace of lending, and we continue to find high-quality opportunities throughout Southern California," said Parker. "We are also realizing the benefit of several excellent additions to our banking team over the past several months," he said.
Vibra Bank Reports Robust Growth and Return to Profitability in Second Quarter 2013
PR Newswire - Thu Jul 25, 9:00AM CDT
Today, Vibra Bank ("VBBK"-OTCBB) announced its unaudited financial results for the second quarter June 30, 2013. The Bank reported a net profit for the second quarter of $61,000, compared with earnings of $207,000 for the second quarter of 2012. "In the second quarter, Vibra Bank has continued its robust asset growth, and we are pleased to report that we are back in positive territory with regard to earnings," said Vibra Bank President and CEO Scott Parker. "This quarter's earnings reflect the upward trend we expect to expand upon as we continue to grow our high-quality loan portfolio within our market."
Vibra Bank Celebrates Five Years As San Diego's Community Multicultural Bank
PR Newswire - Mon Jul 08, 8:00AM CDT
Today, Vibra Bank ("VBBK"-OTCBB) reaches a milestone in its existence, celebrating five years in business. The Chula Vista bank, which has combined its special ability to service the Hispanic market with a focus on serving businesses, business owners, and professionals, has achieved sound growth during a period marked by economic uncertainty, and now looks forward to continued growth as the economy improves.
Vibra Bank Reports Positive Results For 2012
PR Newswire - Tue Feb 05, 9:30AM CST
Today, Vibra Bank ("VBBK"-OTCBB) announced its unaudited financial results for the fourth quarter and year ended December 31, 2012. The Bank reported a net profit for the fourth quarter of $183,000, compared with $576,000 for the fourth quarter of 2011. The Bank reported a net profit of $1,149,000 for the year ended December 31, 2012, compared with $1,286,000 for the previous year. "In the latter half of 2012 we increased staffing and deployed significant resources within the bank which will be beneficial to us going forward and which will support our continued growth," said Vibra Bank President and CEO Scott Parker. "We are pleased that we have been able to continue to expand our lending activity within our community year over year."
